Fascism is the name of a reactionary nationalist movement economically characterized by elements such as central planning in co-operation with corporate groups like agriculture, business, military, science, religion, patronage etc. All are required to work together under the control of the State for the benefit of the nation's interest. Historically, fascism has ruled in Germany, Italy, Spain, Portugal, Vichy France, and various portions of Eastern Europe. Fascists in Italy and Germany nationalized banks and blamed economic issues on racial scapegoats, anarchists, international financiers, and Marxism.

Fascism was founded in Italy by many people who called themselves 'socialists' but were disgusted with the way Socialism was infiltrated by Marxism and Liberalism. Mussolini was former editor of Avanti!, the journal of the Italian Socialist Party, and was instrumental in the creation of the National Fascist Party. German fascism Adolf Hitler had joined the German Workers' Party (DAP) and merged with the German Socialist Party and changed the party name to 'National Socialist German Workers' Party' (NSDAP,or Nazi.)

Fascism movements vary by country due to names, individuals and symbols: in Germany, it was identified with the National Socialism of Adolf Hitler and in Spain with the Falangism or National Syndicalism of José Antonio Primo De Rivera.

Fascist economics bears some resemblance to the social democratic welfare state, but possesses an anti-labor and anti-democratic character, and is utilized to maintain private property and the capitalist system, protecting it from genuine revolutionary uprising.